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much. happening now, a speech to the world. president obama at the united nations goes in depth on the turmoil in the middle east. also, mitt romney talking aid, trade and more drilling down on foreign policy. we're going to hear what he's saying. and the news many homeowners have been waiting for years to hear. i'm wolf blitzer. you're in "the situation room." >>> a brief break from the verbal sparring, the white house race. president obama stepped back in the global spotlight in new york today addressing the united nations assembly. he spoke at length about the turmoil in the middle east touting diplomacy and coalition building as the solution to the crisis to the region that's been vexing his administration. jessica yellin is traling with the president in new york. jessica, give us an update. what did the president say? >> reporter: wolf, when the president spoke here he had two major audiences, a global audience and a domestic audience. voters listening now to foreign policy issues with a new ear and a new eye after this violence in libya. and the president addressing it all
under president obama. 47% is a legitimate figure. and the latest fox news poll shows voters are fed up. when asked if all americans should be required to pay some kind of federal income tax, 79%, yes, they should. and joining us with americans for tax reform, maddie go through it for me fast. how did the spike happen? i believe there was a spike in the number of people not paying any federal income tax at all. >> right, we've got romney talking about this and the media saying that this is, you know, him insulting, inelegant, a problem talking about it, what it is a referendum on obama policies and the state of the economy. what we've seen are incomes falling and people have less income due to paying taxes on and getting more he deduction and less tax income liability. ahead of that, too, though, we've seen a lot more complexity introduced into the tax code, we've got deductions, if you fill out your own 1040 how difficult it is if you're not taking the standard deduction, what your tax liability is. this is something coming down the pipe with a romney administration or more republicans
obama for calling the latest setbacks in the middle east bumps in the road. >>> the president is focusing in on world peace as he prepares to address the united nations. he's also making time to woo women voters. >>> and a tv first, u.s. marines are giving new details about one of the costliest attacks on u.s. airpower in decades. i'm wolf blitzer. you're in "the situation room." >>> with only 43 days to go until the presidential election, mitt romney is starting to zero in on a handful of battleground states that will decide this election. one of those states is colorado, where romney just wrapped up a rally at the pueblo airport. our national political correspondent jim acosta is standing by live. jim, what happened? >> reporter: wolf, with the calendar shrinking and the debates fast approaching, mitt romney is starting to barnstorm through crucial swing states like here in colorado. he knows he has serious ground to make up. today he tried to do just that on the subject of foreign policy. it's not debate time yet, but mitt romney was looking for one on foreign policy in fro
. >> the obama administration is facing serious questions whether the deaths of the four men could have been prevented because of ongoing security concerns. the state department official says the u.s. is drawing down its staff and embassy in libya's capit capital. >>> we just got word mitt romney will have a phone call conversation with benjamin netanyahu and so will president obama. it comes two days after president obama stood before the united nations and warned against a nuclear iran. yesterday, netanyahu underscored iran having a nuclear bomb and shrugged off. he said the world may be months away from the point of no return. >> where should a red line be drawn? a red line should be drawn right here. befo before, before iran completes the second stage of nuclear enrichment necessary to make a bomb. before iran gets to a point where it's a few months away or a few weeks away from amassing enough enriched uranium from making a nuclear weapon. >> mahmoud ahmadinejad accused israel of carrying out a campaign of ethnic cleansing. netanyahu fired back saying the state hood of palestinians cann
is probably going to do better. she says that president obama is one of the most talented political communicateors in modern history. this will be his eighth one-on-one presidential debate and romney's first. the president wil usehis ample rhetoricts attack romney. obama won the debates against john mccain if 2008 by double digits. it is not just the romney team that is trying to lower expectations. check out what obama's senior campaign advisor said recently. >> look, mitt romney, i think, has an advantage because he has been through 20 of these debates in the primaries over the last year. he even bragged that he was declared the winner in 16 of those debates. so i think in that sense having been through this much more recently than president obama, i think he starts with an advantage. >> want to bring in our jim accosta, who is covering the romney campaign in wayne, indiana. i'm tired of the false flattery really. do people really buy this? >> reporter: no, i don't think buys it, suzanne, but, you know, campaign aides are going to do that, and th'regoin to keep doing it as long as
president obama and republican nominee romney essentially in a dead heat. president obama winning by just 1 percentage point as the race enters its final weeks. senior fellow at the american enterprise institute is joining us now from washington, d.c. kevin good to see you. what is the one thing that mr. romney will do to try and push ahead with his economic agenda that he has not been doing and that needs to be doing in previous weeks? >> well, i think that the biggest thing coming up is that governor romney is going to have a chance to speak directly to the american people in the debates and to challenge president obama. you know, one of the untold stories of this campaign for example is that president obama has absolutely no plan to create jobs. that thing they were waving at the convention, his 4 trillion dollars plan was actually just his budget from last year which went -- which went to the floor of the house and senate and got no votes. that kind of conversation is not getting through because of the mainstream media bias. dagen: mr. romney can also speak for himself. he has been wide
remain in place. still remain secure. >> we hope he is right. last month, president obama said his administration made clear to the syrian regime that if we start seeing a government moving around, quote: a whole bunch of weapons that would be a red line. so far there is no word from the white house about whether this latest movement means syria has crossed that red line. but the white house is taking other steps. we know that to target the syrian regime. in fact, today, secretary of state hillary clinton attended a meeting at the united nations and pledged another $45 million to help the opposition in syria. those rebels who are trying to force out their brutal and bloody leader. it's fox top story and jonathan hunt is in it -- on it live at the united nations tonight. do we have any indication of what those rebels, who are opposing rat jesus' name plan to do with that money? >> well, what we are told by 15 million of the 45 million will go towards communication equipment for the rebels. something that the u.s. has previously funded. the other 30 million, according to secretary o
. obama 48, romney 46. if this class warfare argument is working and we're told it is, shouldn't the president be up by a lot more. >> accord to go rasmussen, the president has only a 1 point lead in ohio. so that state, key state, basically, a dead heat and by the way, scott rasmussen will join us later this hour, a couple of minutes in fact with his latest daily national tracking poll. in our next hour, we'll talk to radio hosts from ohio, and are people tired of the race already? it's every single commercial on tv, a political ad? yeah, most of them are. all right, and we'll put the entire ad, that president obama is running in ohio on our facebook page and we'll read some of your comments later in the show in the next hour. check pre-market apple, the stock is down big ahead of the opening bell because the company says it sold 5 million new iphone 5 phones in three days after its launch and that's way below what many people expected. some are looking for 8 or 10 million and the stock will be sharply lower when that opening bell rings. president obama successfully made succe
's the issue with 2011 here? >> well, look, obama has said i'm going to tax rich people and implying he's not going to tax you. in fact, he passed tax increases on average income americans many many times during his presidency. there are 20 different taxes in obama care that we will all be paying. in addition to that, of course obama's new promise that he won't tax rich people, he's got a new term limit on it, 12 months. only next year, after that we could have a vat or other things. so if you are obama and you intend to allow the bush tax cuts to lapse, so there's a 500 billion dollars tax increase on low income people, middle income people, all americans, you want to talk about anything other than the tax increases that you have scheduled. i mean he's running up trillions of dollars of debt over the next deca decade, according to his budgets. the only way he pays for them since he's not cutting spending is to raise taxes on everyone. what do they want to do? oh gee what did romney pay in taxes four or five years ago? that has nothing to do with anything. we ought to be reducing taxes
reporting. i'm deborah feyerick at cnn world >>> a mad dash to the end of the race. president barack obama and governor mitt romney get ready for a face-off at this week's first debate. >>> plus a couple of big surprises from arnold schwarzenegger who talks candidly about his childhood and the housekeeper. >>> and an epic fail by the united states. after being up for a significant lead, the guys in the ryder cup lose big, berman. >> it was a disaster. complete meltdown. well, still, good morning. and welcome to october, everyone. this is "early start." i'm john berman in washington this morning. >> and i'm sir riesirita simon. >>> president barack obama and mitt romney square off wednesday night in denver. both trying to lower expectations practically gushing over one another, but new jersey governor chris christie is going against the grain and setting the bar high for the republican nominee. >>er time mitt romney has been confronted in this campaign with one of these moments, he has come through in a debate and performed extraordinarily well laying out his vision very clearly and also co
reserves of shale gas. and spokesman for mitt romney says the obama administration should formally their china a currency manipulator. semiannual report due on the topic released by treasury in mid october. >> it had stopped for a while and yuan was slowly moving up, but then with all the pressures with their economy, it's kind of turned around. >> when you start messing around with china as a political football on either side, election nearing and -- >> and tensions between china and japan got pretty bad. i heard the lexus is going to be slowing down production because wealthy people don't want to buy a japanese luxury sedan. >> a lot of people that were wealthy aren't quite as wealthy as they used to be. i think trump was always railing about china, too. >> in other news out of washington, the white house is reportedly prepare to go direct federal agencies to develop guidelines for owners of power, water and other infrastructure facilities. it would give the agencies 90 days to propose new regulations and create a new cyber security council at the department of homeland security.
. >> decision 2012 news. the gallup poll shows that of voters' trust president obama with the health care. some swing voters feel that this may we can oppose all together. both president obama and mitt romney made shots at each other over the weekend. i know that you heard the president say something unusual. he said that he could not fix washington from the inside and that it could only be done from the outside. romney has a another. he talked about a airport landing that his wife was forced to take. i appreciate the fact that she is on the ground safe and sound. i do not think that she knows how worried some of us were. when you have a fire in an aircraft you really do not have any place to go. the windows of do not open and and it is a real problem. she was choking and rubbing her eyes but it was a enough oxygen for them to make a safe landing. >> mitt romney told voters that he did not have to worry about some of them because they were going to vote for president obama anyway. the obama administration have a new ad that will be taking place. let's take a look at the new at.dd. well meanwhil
mentioned president obama and mitt romney hitting the spring state of ohio in duelling events. the president speaking ott bowling green university. governor romney in bedford heights, pushing his economic plan to business leaders there. the polls show the president is holding a lead in the state. cnbc's chief washington correspondent john harwood has the latest on that. >> the 18 electoral votes in ohio are critical. no republicans won the white house without them. mitt romney is in a hole in ohio now. new york times cbs poll out this morning showed him down by 10 percentage points in ohio. other polls show it closer. everybody agrees he's behind. look at the numbers. it tells you about his ohio trouble from this poll when you ask people who's better on the economy, that's mitt romney's signature issue. barack obama by 51 to 45%. when you ask who would favor the rich, 8% say president obama. 58% say mitt romney. that's not good for him. when asked does mitt romney or barack obama understand the problems of people like you, by 59% to 38% people say obama understands, romney does not. that exp
for the white house, president obama and mitt romney back on prime-time television, both men appeared on 60 minutes last night, mitt romney responded to criticism that he has been too vague about his plans for the country. >> if you want to work together with people across the aisle, you lay out your principals in your policy, you work together with them but you do not hand them a complete document in say " take this or leave this ". >> as for the economic plans that he has revealed, the president says they simply will not work. >> he seems to only one note, tax cuts for the wealthy, and rolling back regulations as a recipe for success. >> meanwhile controversy over his taxes are a part of a new obama's campaign advertisements. >> including veterans, elderly, the disabled, he will not release his tax returns i before 2010, >> @ mitt romney says that distorts his position and they are a big reason why he is trailing in polls in battleground states. >> in world news this morning the taleban has released a video that they say shows and surgeons preparing for an attack on a nato base earlier th
while president obama so far not scheduled a meeting with israeli's prime minister he made time to chat up the ladies on "the view" today. to figure out what message he sending, senator john barrasso. thanks for joining us. >> thanks for having me. >> there are three things the president need to do when he addresses the united nations these things. what are those? >> i wrote an article in "politico" today. it specifically says the president has to acknowledge there is still a war on terror after you see what happened in the past couple weeks when 9/11, with our embassy, with the loss of life of our ambassador. that is number one. number two the president needs to talk about the relationship between the united states and israel. when he says that israel, that the united states always has their back on all issues what does that specifically mean? i think, three, the president owes it to the people of this country to know what his foreign policy is. the president in 2008 laid out a foreign policy that he would hit reset button with russia. i believe that has failed. melissa: yeah. >> he sa
this morning, crunch time in the race for the white house. just two days remain before president obama and mitt romney square off in denver for the first of three critical debates. president's being prepped in nevada today. and the gop challenger has some ground to make up because a brand-new "washington post"/abc news poll this morning has the president leading by two percentage points among likely voters. it's not unusual for candidates to try to lower expectations in the days leading up to dedebate. republicans have been playing up the president's eloquence, ever since last week. but it seems somebody forgot to tell new jersey governor chris christie, because he was setting the bar high for mr. romney. listen. >> he's going to come in wednesday night, lay out his vision for america, he's going to contrast what his view is with what the president's record is, the president's view for the future and this whole race is going to be turned upside down come thursday morning. >> upside down is what he says. in just a few minutes we're going to be talking about wednesday night's debate and the presi
the math doesn't work. >> you're the master of the budget. so let's go through the plan. the obama camp says independent groups say if you cut those tax rates for everybody 20%, it costs $5 trillion over ten years. true? >> not in the least bit true. >> how much would it cost? >> its revenue neutral. >> i'm just talking about the cuts. we'll get to the deductions. >> the cut in tax rates is lower all americans tax rates by 20%. it's revenue neutral. >> it's not revenue new pral unless you take away the deductions. the first half, lowering the tax rates, does that cost $5 trillion? >> no. look, i won't get into a baseline art with you but that's what a lot of this is about. lowering tax rates by broadening the tax base works. and you can -- let me finish. >> you haven't given me the math. >> i don't -- it would take me too long to go through all of the math. >> i got to tell you, what did you think of that? i thought that was unbelievable. >> why? >> first of all, it was on fox which we all have views on what you think fox will do. second of all, i think he has no details. >> i don't agr
the parties involved, how much our personal relationships between netanyahu, president obama, netanyahu, mitt romney, how much is that playing into what we'ree hearing about this and other issues? >> i don't think what the prime minister did yesterday had any, but i think people seem to discard the importance of personal relations. in a politics and international relations or even national affairs, not love affairs and not all about rumors. at the same time personal relations come and all you have to do to have this brought home to you is remember the very bad relations between president roosevelt in the second world war, a very great extent america's decision to enter the war, to help the united kingdom because of the disdain and distrust between those two leaders. i believe personal relationships to count and i hope whoever the next resident i is, relations between him and the prime minister of israel will be as they always were. warm, trustful, genuine and ones of great strategic alliance. connell: thank you very much for coming into the studio today. appreciate it. thanks. dagen: vast maj
facing a 20 billion euro shortfall. >>> and mitt romney and president obama disagree over israel ramping up the rhetoric. >> and foxconn shuts down a northern chinese factory after a brawl involving 2,000 workers. >>> germany's sentiment index falls, and the mood continuing to u.s. futures. closing in on the start of the trading day, dow jones implied to open lower by more than 35 points. nasdaq and s&p 500 also looking to shed their gains, as well. take a look now at the cnbc ftse global 300. down a third of a% in light of that data which hit just about an hour ago. european markets she the ftse 100 down 0.4%. xetra dax this one in focus this morning, that's down 0.6%. cac 40 down almost 1% this morning. this ahead of a key budget unveiling. ibex 35 not benefiting from the risk off attitude. down 1.6%. >> and i think the ifo number, we had a better pmi out of germany last week, so the expectations it would hold up and it didn't. but it is worth pointing out 50% of the responses were taken before the constitutional court ruling in germany. quite a lot of paper being issued by italy this
penalty, capital gains from 15 to almost 24, almost triple of dividend taxes from 15 to 43, obama care taxes, higher taxes and fees. to me, even though most traders i talk to say somebody's going to cave, we're not worried about it. i think depending on how the election goes, november 7th could be one of the busiest, most wild days in the equity indices since the flash crash. >> yeah, it's going to be busy for sure. thanks, everyone. we'll keep watching the story of stocks. be sure to catch rebecca and the "money in motion" gang this friday, every friday on "money in motion" on cnbc. >>> this market trying to shake off the monday blues. courtney reagan has been front and center at nyc. >> the dow closed lower for the 16th day. we popped briefly higher shortly after we saw the futures trading close over at the nymex but we couldn't hold onto it with both of those indices closing lower. if we take a look at some of the sectors, we're in this defensive mode. the effects of qe3 already waning. energies, material lagging. also technology. take a look at some of these technology movers becau
made. >> the obama camp had loved the recent fuss over the secretly recorded comments where romney appeared to dismiss more than half the population for not paying income taxes. this is politics, the tables have turned theory on 60 minutes on sunday, the president described the recent unrest in the middle east as bombs in the road. >>president obama: i a.m pretty certain and continue to be certain that there will be bombs in the road because in many places, the one organizing ve said as long. >> he said the developments in the middle east are bombs in the road. >>catherine: and the obama campaign at over what romney said suggesting that americans without health insurance should consider the emergency room their safety net. >>robin: we do provide care for who did not have insurance. if someone has a heart attack, they did not sit in their apartment and die, we beat them up in an ambulance and taken to hospital. >>catherine: the clock is ticking. it is still a very close race although new polls show the president has an edge in three critical states. today mitt romney tried to e
. president obama for mitt romney. some new data out. most people have made up their minds. 15% could be convinced to choose somebody else. that seems kind of hype. first, here are some currencies. look how they are shaping up against the dollar today. ♪ follow the wings. ♪ >> @23 minutes past the hour i have good news minute. at least 14 people are dead after a bombing attack in afghanistan. thirty-seven for her to the attack. a new report finds dozens of weapons connected to the bathroom. and it gone rubbing fetish they were linked to murders, kidnappings and other drug cartels. your seafood may be shrinking over the next few decades. researchers at the university of british columbia faced global warming will reduce the size of 600 species of fish. warmer oceans will reduce the amount of oxygen in the water. those are your news headlines on the fox business network. dagen: thank you so much. the supreme court is back in session. first on the agenda, a human right case revolving around a ball around 1789. connell: peter barnes covered that. >> argument ending for this first case.
. obama had interesting comments last night on a televised interview in which he talked about we did not get anything done if you are inside washington. >> i have learned some lessons over the last four years. the most important lesson i have learned is you cannot change washington from the inside. you can only change it from the outside. gerri: he is backpedaling on that today. how do you think people will react to that comment? >> he is the leader of the country and if the leader of the country cannot get things done, and i agree with him, he could not get the congress to cooperate with them. he got a healthcare bill through. it is a nice pattern, what do want to do go home to illinois and govern from their orders he want the white house? gerri: romney came back hard. in november he is going outside. people have been calling on romney to have a stronger response, to really come out. >> i think that was fine. what romney has to do is if you elect me this is what this country will look like four years from now. we have seen the last four years in the same policy people and policies.
. >>> still to come this morning on squawk, president obama, mitt romney and their respective campaign staffers hitting the airwaves. we'll have some of the highlights. and in the next hour, we have two of the world's most renowned scholars in the field of energy. why they argue that the situation in iran could be a game changer for crude prices. meantime, iranian hackers are have said to have attacked jpmorgan and citigroup. we'll talk cyber security. and ask reputation.com's michael fertik is the nation's banking system is at risk. ffrs . >>> tomorrow on "squawk box," an hour with our guest host barry diller who ran pariramount and fox. we'll talk politics with jeb bush. at optionsxpress we create easy-to-use, powerful trading tools for all. like our all-in-one trade ticket. we put strategies, chains and positions all on one screen. start trading today with optionsxpress by charles schwab. >>> last night both mitt romney and president obama were on "60 minutes" and this was a chance to see both of the candidates. it was a very interesting way of watching about it, among the topics th
. >> decision 2012 selling voters today tres obama over romney for health care. voters in 12 battleground states say oba will better face the challenges addressing health care. obama jose 5143 edge over romney on this issue. present obama as well as from the took shots at each other this weekend. romney was at a fund-raiser in l.a. and now the president said something unusual this week. he said that he can't fix washington from the inside it can only be done on the outside. were going to give them a chance on november 6th to do that. romney went to details of the emergency landing of his wives plane. she landed safely in colorado she was not injured. >> i appreciate the fact is she is on the ground safe and sound. i don't think she knows just how worried some of us were. when you have a fire and an aircraft, there is no place to go exactly. you cannot find any oxygen from outside the aircraft to get inside the aircraft because the windows don't open. that's a real problem. she was choking and rubbing her eyes. fortunately there is enough oxygen for the pilot and co-pilot to make a safe landing i
talked and the fact that obama is leading in the polls and the market has to consider the fact that aggressive rises in capital gains tax. that may be a fact. at what point will people sell anticipation of that, do you think? >> i think they are nervously watching and they bought into the qe thing assuming that the gridlock will continue and perhaps from the presidential polls to the presidential election polls. and if there is still not complete control by any one party, the deadlock will continue and the market will be mollified with that. >> you mentioned what you would do if you were at the sidelines at this point in time and "the wall street journal" article was interesting, sort of implying that fund managers were up and will actually sell. the vast majority of mutual fund managers and hedge funds are underperforming their marks. do you think this is going to be a force in the market, as "the wall street journal" wants to make it? it seems to me that the moneying managers outperforming are in such a minority that even if they went to the sidelines -- >> we've seen it. we'
obama who stood up to china and protected american workers. mitt romney attacked obama's decision... said standing up to china was "bad for the nation and our workers." how can mitt romney take on the cheaters... when he's taking their side? we're sitting on a bunch of shale gas. there's natural gas under my town. it's a game changer. ♪ it means cleaner, cheaper american-made energy. but we've got to be careful how we get it. design the wells to be safe. thousands of jobs. use the most advanced technology to protect our water. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ >>> it is time! it's time for the "lightning round." are you ready? start the lightning round. going to start with cory in arkansas. cory? >> caller: hey, orange county, but close enough. longtime listener, first time caller. >> okay. >> caller: i'm interested in taking a long position in tsla. >> too dicey. too dicey. no, no, no. this is just a very overvalued stock. i'm not going to recommend it. let's go to
jobs... it was president obama who stood up to china and protected american workers. mitt romney attacked obama's decision... said standing up to china was "bad for the nation and our workers." how can mitt romney take on the cheaters... when he's taking their side? if we want to improve our schools... ...what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ...nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. >>> as the cloud peaked? even though everything related to the personal computers, still have a couple of themes going. last night rht open source softwa software company reported that many analysts were disappointing. billings came in light rising 15% every year. and management had to reduce the four year revenue. when you look at it like that. you can understand why the stock got hit today. 4.28%. it was a down day here. it doesn't look like anything is wrong with it. whe
to build that into our model and say that's not going to change. so if obama gets elected they stay in. if romeny gets elected which he won't then he can't necessarily change it so let's just build that those tax cuts are gonna expire at the end of the year period. the one thing that i can tell you that is very troublesome to me as i look at prices, as i look across as i look at hog prices priced for next summer, i look at cattle prices, i look at grain prices and that is that why is it that we ignore the food and energy component of cpi? so, i could be ben bernanke's speech writer because he says the same thing every time he goes in front of the senate is we don't see any particular problem with inflation. really, we don't corn prices just nearly double in three months. so, how is it there is no inflation? >> reporter: do you get any sense that the ethanol mandate is going to change under either administration under obama or if romney would get elected? >> well is sure seems like the word ethanol has turned into a pejorative and it's not exactly the most positive topic. i just don't k
.2 million on his office. the decorator decorated the white house. >> the obama's brought him inned too the white house. >> yes, whatever the guy was; a $1400 parchment paper waste waste wastebasket. >> oh, charlie. >> that's where we are now. he's shopping. they have not called me back. >> that's shocking. your eye is healed. >> he did not take a shot at me. >> okay. >> that was just the guy on the street. congratulations. charlie, thanks so much. all right. let's talk politics. mitt romney's 2011 tax returns are public. is he paying the fair share? help or hurt the campaign? up next the economic writer, steven moore, on romney's battle for the white house. >> first, a look at winners and losers on the s&p500 as we head to break. international paper topping the list at about 3.5%. we'll be right back. want to try to crack it? yeah, that's the way to do it! now we need a little bit more... a little bit more vanilla? this is great! [ male announcer ] at humana, we believe there's never been a better time to share your passions... because the results... are you having fun doing this? yeah
, curtis. again a lot of people are fearful if obama wins re-election that is the path we're headed on. what do you expect to happen to tax rates if he is reelected? >> you know, president obama does want to raise taxes. i don't think we'll ever go back to rates in the 70s of 75%. we've been there, done that. i don't think we'll go back to level. however president obama wants to raise them from 35% today to above 40% starting next year. that would slow the economy. it would reduce job creation and keep us stuck in the low growth, high unemployment environment we're at right now. lori: just for my background sake here in the u.s. we're at about 1% expansion rate. what is the highest level of income taxes you could pay to keep us in a free enterprise capital structure society? >> well, you know, i think it is hard to pick a particular rate because it depend on the tax base and a lot of other things. however, you know, right now we're at 35% and we have no growth. a lot of people point to the clinton years, you know what, we raised taxes and economy grew. go back and look at the in those
a lot. >>> the united general assembly's 67th session opens today with president obama getting ready to take the stage at any moment. conflict in the middle east will be one of the key topics of his speech. we are at the white house and joined with a quick preview. >> reporter: two main subjects on the aden gentleman going to the yutss today. we are going to talk about the violence in the muslim streets that culminated into the american ambassador to libya. and he'll talk about the nuke lower armed iran. i was going to say there are no words for the innocence of the killing we have seen. there's also no video to justify an attack on an embassy. there's no slander that provides an excuse for people to burn a restaurant in lebanon or destroi a cool in tune this -- he does not think that the united states can live with the nuclear armed iran. carl, one point to think about as we think about the president's remarks here, he's been under fire f, and the obam camp is making an important issue, obama is clearly walking a tightrope today and doesn't want to threat up his re-election chances.
, president obama and republican candidate mitt romney meet in the first presidential debate. this one focusing on domestic policy. on thursday,ing the minutes of the last meeting of this federal reserve open-market committee. this is the meeting when the fed governors approve another round of quantitative easing. and on friday the monthly jobs report will be released. we will find out if there is any change to the 8.1% unemplment rate for america. >>> finally, ready to hand over the wheel? at google headquarters this week, jerry brown signed a law legalizing driverless cars. the search giant has been developing self driving cars for years and they use camera a's and radar to detect other vehicles and have reportedly logged 300,000 road miles without an accident. implementing this idea is right on schedule. it was just at the 1939 world's fair when general motors predicted a highway system full of electric cars controlled by remote radio as part of the company's future exhibit. that u thank you for joining me. join me for a special interview oracle cofounder and ceo and the third riche
contributors to barack obama. so let's focus on the left side of the aisle this morning. we're using fresh data here from the center for responsive politics, focusing on donors who gave to groups that contribute some or all of their money to the presidential race. we're going to start with number five, jeffrey katzenburg, the ceo of dreamworks. he and his company have been lobbyists for a lot of copyright companies in washington as well as protection against china. katzenberg attended a lunch with biden and top chinese officials. after that, dreamworks has a jv with the son of china's president. going on to our number four on the list is jim simons. he is the founder of renaissance technologies. and he is the richest of the democratic dee nonors with a ne worth of $11 billion. education is a big issue for the democrats. math education and reform of public education, big issue for jim simons, who i'm sure will be a big voice for democrats. remember, president obama's change of position on gay marriage this summer, shortly after that, he got a big check from a guy named jon stryker, architect in
. >> president obama is bringing back debate over regulations and drilling controls. we have the very latest. why romney says his plan will power up production and drive growth. >>> forget the gallup polls. there is another way to foretell who might win the election. it actually involves halloween. we'll tell you secrets coming up. ♪ hmm, it says here that cheerios helps lower cholesterol as part of a heart healthy diet. that's true. ...but you still have to go to the gym. ♪ the one and only, cheerios less expensive option than a traditional lawyer? at legalzoom you get personalized services for your family and your business that's 100% guaranteed. so go to legalzoom.com today for personalized, affordable legal protection. david: at the very heart of republican presidential nominee mitt romney's energy plan is a decades old debate over exactly who should be controlling drilling and mining, the states or the feds? fox news's alicia acuna is in denver with the details. hi alicia? >> hi, david. part of governor romney's energy plan includes removing federal controls over energy production on pub
on the dow industrials. >>> will republicans give in on tax hikes if president obama wins re-election? our guest next says yes, and he's a republic. tom cole will explain why he thinks the norver tax pledge will be out the window. >>> only apple could sell 5 million new apple iphones and disappoint investors. [ male announcer ] this is anna, her long day teaching the perfect swing begins with back pain and a choice. take advil, and maybe have to take up to four in a day. or take aleve, which can relieve pain all day with just two pills. good eye. ♪ ♪ [ male announcer ] how do you engineer a true automotive breakthrough? ♪ you give it bold new styling, unsurpassed luxury and nearly 1,000 improvements. introducing the redesigned 2013 glk. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call
if it was president obama gets re-elected, then at the high end you'll see the bush tax cuts not extended for the high end. and then -- but if romney wins it, you would see them all extended. is there one that would have a better outcome in your view? >> you know, i think there's a -- there's a tension between two different things here. on the one hand, there's a sense that in the very near term with a weak overall economic performance continuing that raising levels of taxes wherever in the distribution may have some negative effects on economic growth. and then there's a harder long-term question, frankly, which is how tax rates on capital gains, on dividends which feed through a somewhat complicated channel by encouraging various kinds of saving activity and ultimately lowering the cost of capital to businesses and encouraging investment, how that translates into long-term economic growth. that is frankly a difficult chain to try to measure in any precise way, and consequently it's harder to be able to trace through the quantitative impacts on growth to follow through on channels for that. >> to fol
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